According to a new market research report titled, ‘Human Nutrition Market by Type (Vitamins, Proteins, Minerals, Fatty Acids, Carbohydrates), Application (Functional Food, Functional Beverages, Dietary Supplements), Population (Geriatric, Pediatric, Maternal) and Geography – Global Forecast to 2030’ the global human nutrition market is projected to reach $189.2 billion by 2030, at a CAGR of 7.4% during the forecast period.
The growth of the human nutrition market is mainly attributed to rising health and wellness trend, growing demand for fortified food products, lifestyle changes, rising incidences of chronic diseases, and increasing application in infant formulas and dietary supplements. Furthermore, product launches and technological innovations by the leading players in the human nutrition market are expected to create market growth opportunities.
The human nutrition market is segmented by type (vitamins [fat-soluble vitamins (vitamin a, vitamin e, vitamin d], water-soluble vitamins [Vitamin C, Vitamin B9, Vitamin B12, Vitamin B7, Vitamin B3, Vitamin B2, Vitamin B1, Vitamin B5, Vitamin B6], probiotics, proteins and amino acids, carbohydrates (monosaccharides [glucose, fructose, galactose], oligosaccharides [sucrose, lactose, other carbohydrates], fats and fatty acids (omega-3 fatty acid, omega-6 fatty acid, monounsaturated omega-9 fatty acid, palmitic acid (pa), other fats and fatty acids), minerals (macro minerals [calcium, phosphorus, potassium, magnesium, salt (sodium chloride)], microminerals [iron, zinc, copper, chromium, fluoride, iodine, selenium, manganese, molybdenum], other mineral types), by application (functional food [dairy products, bakery products, snacks, confectionery products, infant food products, other functional foods], functional beverages [energy drinks, sports drinks, fortified juices, dairy-based beverages, other functional beverages], dietary supplements, other applications), by population category (pediatric, geriatric, maternal, athletes, and other population categories) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at regional and country levels.
Among all the types studied in this report, the vitamins segment is expected to account for the largest share of the global human nutrition market in 2023. The large market share of this segment is attributed to the increasing attention to health and wellbeing by consumers, the rising prevalence of vitamin deficiencies, and the huge demand for vitamin-fortified foods. In addition, the rising health and wellness trends and a steady rise in the geriatric population in developed economies are further expected to boost the demand for this segment. However, the probiotics segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing consumer awareness regarding the health benefits of probiotics, the increasing use of probiotics as an alternative to antibiotics, the growing research on probiotics, and the growing use of probiotics for children.
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Among all the applications studied in this report, the functional food segment is expected to account for the largest share of the human nutrition market. The large share of this segment is attributed to the changes in lifestyle and food habits, growing demand for nutritional and fortifying food products, rising spending on healthy & nutritious diets, and increased consumer knowledge about their health advantages. However, the functional beverages segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing demand for functional beverages in emerging economies, increasing demand for sports drinks, and a rise in health expenditure.
Among all the population categories studied in this report, the geriatric population segment is expected to account for the largest share of the human nutrition market. The large market share of this segment is attributed to factors such as the increasing aging population, the growing need to maintain and improve the digestion and immunity system of older adults, and the high prevalence of chronic conditions in this category population.
Among all the regions studied in this report, in 2023, North America is expected to account for the largest share of the human nutrition market. The large market share of this region is attributed to the well-established nutraceutical and functional food industry; growing demand for nutritional supplements; high investments in the research & development of human nutrition products; rising prevalence of chronic diseases including cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis, obesity, and oral diseases; the increasing focus on a healthy lifestyle; and the growing health & wellness and clean label trends.
The human nutrition market has witnessed several product launches, partnerships, agreements, and collaborations in recent years. The key players operating in the human nutrition market are Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Glanbia plc (Ireland), Corbion N.V.(Netherlands), Associated British Foods plc (U.K.), Arla Foods (Denmark), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Ajinomoto Co. Inc. (Japan), Cargill, Incorporated (U.S.), BASF SE (Germany), and Kerry Group plc (Ireland).